Red box targets completed. Defence tap and bounce, scalps only for now. Support 4953, resistance 5020 again
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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We're still above defence but we're approaching overbought conditions. We had a target above which completed and that spike down over the Asian session tapped our hot spot for the ideal entry region.
5050 is the key level, needs to flip in the coming session, otherwise, support today is way lower at the 4940 level. I would expect this to chop a bit today and then attempt to range pre-event.
5050 is the key level, needs to flip in the coming session, otherwise, support today is way lower at the 4940 level. I would expect this to chop a bit today and then attempt to range pre-event.
❤18
Pre-event range and chop in play. We've broken below that bias level and rejected sharply, but that needs to be taken seriously. A few scalps long, but now I'm taking caution on long trades. Resistance 5055, support now way down 5010
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Evening thought:
Why are we so concerned with not what price is doing, but where price is going? "I missed the move", "I could have made so much", "If only I held that trade". I had long trades, 5.00 lots from 1450, cut them at 1495, imagine if I held them!
You'll notice the bias changes here, the direction changes, we don't commit to one direction or focus too much on where price may end up. All we're looking for is a decent trade a day, a plan of intra-day direction, a plan of entry, a plan of managing the position, and a plan to get out. Please try this, it's all about mindset and discipline, removing the fear and anticipation of where price is going. It goes up, trade it up, it goes down, trade it down. Goes to the moon, or the basement, who cares, we're here to make money where ever it goes.
Why are we so concerned with not what price is doing, but where price is going? "I missed the move", "I could have made so much", "If only I held that trade". I had long trades, 5.00 lots from 1450, cut them at 1495, imagine if I held them!
You'll notice the bias changes here, the direction changes, we don't commit to one direction or focus too much on where price may end up. All we're looking for is a decent trade a day, a plan of intra-day direction, a plan of entry, a plan of managing the position, and a plan to get out. Please try this, it's all about mindset and discipline, removing the fear and anticipation of where price is going. It goes up, trade it up, it goes down, trade it down. Goes to the moon, or the basement, who cares, we're here to make money where ever it goes.
❤35🔥9💯2